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1-bed · 645 sqftPark Heights 1, Dubai Hills Estate · completed 2020

1809, Park Heights 1

Sold prices and rental history: sold once, by the developer in July 2017, and rented once, from September 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1809 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 874K11 July 2017
Current rentAED 100K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1809, Park Heights 1

What is 1809 worth today?

Last sold for AED 873,888 in 2017

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1 Sep 2022RentedNew contract
AED 100,000/yr12 months · AED 155 per sqft
11 Jul 2017Sold by developerOff-plan
AED 873,888AED 1,354 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
1-bed apartment
Size
645 sqft
Parking
PH1-B-200
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,500 /yr
Last sold
AED 874K · July 2017
Building
Park Heights 1

About 1809, Park Heights 1

1809 is a one-bedroom apartment of 645 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. The developer sold it on 11 July 2017 for AED 873,888, or AED 1,354 per sqft, in line with the AED 1,339 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2022. The current contract, signed on 1 September 2022, is AED 100,000 a year: a gross yield of 11.4% on the 2017 price, before the service charge of about AED 16,500 a year.

Sales and rents for 1809 over time

Sales
Unit 1809, each saleTypical one-bed in Park Heights 1
1M1.5M2017202020232026Typical sale price by year: 2017 AED 863,888; 2018 AED 862,888; 2019 AED 864,070; 2020 AED 868,888; 2021 AED 750,000; 2022 AED 917,500; 2023 AED 1,111,000; 2024 AED 1,300,000; 2025 AED 1,387,500; 2026 AED 1,360,000Sold by developer, July 2017: AED 873,888 (AED 1,354 per sqft)

1809 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1809, each contractTypical one-bed in Park Heights 1
50K100K2020202220242026Typical rent by year: 2020 AED 44,000; 2021 AED 41,884; 2022 AED 48,000; 2023 AED 67,425; 2024 AED 80,000; 2025 AED 88,000; 2026 AED 82,750New contract, September 2022: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Park Heights 1, and where 1809 sits

All 144 1-beds →

1809 last sold in July 2017 at AED 1,354 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,339). Over the last 12 months one-beds sold for AED 1,250,000 to 1,490,000, around AED 2,100 per sqft, and rent for AED 65,000 to 135,000 a year. 1809's AED 100,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Oct 20261,250,000
3 Jun 20261,360,000
2 Jun 20261,350,000
9 Mar 20261,490,000
10 1-bed sales in the last 12 months

Park Heights 1

Building

44 apartments, 1-bed to 3-bed over 18 floors in Dubai Hills Estate, completed in 2020 by Dubai Hills Estate. 25 sold in the last 12 months.

Typical price per sqft
AED 2,091 Down 1.8%
Typical sale
AED 2.03M
Typical rent
AED 93K /yr
Typical yield
6.2%
Park Heights 1, Dubai Hills Estate: prices, sales and rents →

1809, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 11 July 2017 for AED 873,888, or AED 1,354 per sqft.
  • Rented since September 2022 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2017 price is 11.4%, before a service charge of about AED 16,500 a year (AED 25.65 per sqft).
  • One-beds in Park Heights 1 sold for AED 1,250,000–1,490,000 in the 12 months to November 2026; the building's median across all types is AED 2,091 per sqft.

Source: Dubai Land Department. Updated 1 September 2022.

Questions about 1809, Park Heights 1

What did unit 1809 last sell for?

AED 873,888 on 11 July 2017, sold by the developer: AED 1,354 per sqft for 645 sqft. It is the only registered sale of the unit.

What is the rent for unit 1809?

AED 100,000 a year on the contract signed on 1 September 2022.

How big is unit 1809?

645 sqft (59.9 sqm): a one-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 1809 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Heights 1 sold for AED 1,250,000 to 1,490,000 in the last 12 months, around AED 2,100 per sqft.

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Mortgage on 1809, Park Heights 1

Starts from the last sale price (AED 874K, 11 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 873,888
Deposit, UAE resident (20%)
AED 174,778
Deposit, non-resident (40%)
AED 349,555
Monthly over 25 years at 3.7%
AED 3,575

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →